The author studies the interaction between imperfect labor contracts and international trade in a setting in which workers have private information about their own abilities. When an individual's contribution to firm output can be measured accurately in some activities but not in others, the most able workers select occupations in which their pay…

The paper uses data from the United States and several other industrialized nations to evaluate the costs of post-secondary education. Discussed are: variations on the concept of higher educational costs; three cost issues (how much higher education, the unit costs of higher education, and sharing the costs); higher education costs and social…